Cheviot Value Management LLC Has $6.72 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Cheviot Value Management LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,145 shares of the iPhone maker’s stock after selling 312 shares during the quarter. Apple comprises about 1.7% of Cheviot Value Management LLC’s portfolio, making the stock its 20th biggest holding. Cheviot Value Management LLC’s holdings in Apple were worth $6,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. My Personal CFO LLC increased its position in shares of Apple by 3.5% during the 2nd quarter. My Personal CFO LLC now owns 25,455 shares of the iPhone maker’s stock worth $3,480,000 after purchasing an additional 866 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of Apple by 2.2% during the 2nd quarter. Baker Avenue Asset Management LP now owns 365,633 shares of the iPhone maker’s stock worth $49,989,000 after purchasing an additional 7,858 shares during the last quarter. Advisors Management Group Inc. ADV increased its holdings in shares of Apple by 13.6% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 45,671 shares of the iPhone maker’s stock worth $6,244,000 after acquiring an additional 5,451 shares during the last quarter. Valley Forge Investment Consultants Inc. ADV increased its holdings in shares of Apple by 2.0% during the 2nd quarter. Valley Forge Investment Consultants Inc. ADV now owns 11,211 shares of the iPhone maker’s stock worth $1,533,000 after acquiring an additional 219 shares during the last quarter. Finally, Planning Directions Inc. increased its holdings in shares of Apple by 0.6% during the 2nd quarter. Planning Directions Inc. now owns 46,119 shares of the iPhone maker’s stock worth $6,305,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Fundamental Research boosted their target price on Apple to $168.50 and gave the stock a “buy” rating in a report on Tuesday, November 8th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Bank of America decreased their target price on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Evercore ISI boosted their price target on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $176.26.

Apple Price Performance

Shares of AAPL stock opened at $151.07 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a market cap of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.89 and a beta of 1.25. The business has a fifty day simple moving average of $146.70 and a 200 day simple moving average of $149.66.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the prior year, the company earned $1.24 EPS. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 6.26 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Apple’s payout ratio is presently 15.06%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Insiders sold a total of 380,851 shares of company stock valued at $56,707,789 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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